Richard R. Whitt, III
2020
In 2020, Richard R. Whitt, III earned a total compensation of $4.2M as Co, Chief Executive Officer at Markel, a 13% decrease compared to previous year.
Compensation breakdown
| Non-Equity Incentive Plan | $1,050,000 |
|---|---|
| Salary | $1,000,000 |
| Stock Awards | $2,100,000 |
| Other | $27,972 |
| Total | $4,177,972 |
Whitt received $2.1M in stock awards, accounting for 50% of the total pay in 2020.
Whitt also received $1.1M in non-equity incentive plan, $1M in salary and $28K in other compensation.
Rankings
In 2020, Richard R. Whitt, III's compensation ranked 2,724th out of 13,090 executives tracked by ExecPay. In other words, Whitt earned more than 79.2% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 2,724 out of 13,090 | 79th |
Division Finance, Insurance, And Real Estate | 468 out of 2,551 | 82nd |
Major group Insurance Carriers | 89 out of 308 | 71st |
Industry group Fire, Marine, And Casualty Insurance | 39 out of 172 | 77th |
Industry Fire, Marine, and Casualty Insurance | 39 out of 172 | 77th |
Pay ratio
| Richard R. Whitt, III's Pay | $4,177,972 |
|---|---|
| Median Employee's Pay | $41,907 |
| Pay Ratio | 100to 1 |
In 2020, the annual total compensation of Richard R. Whitt, III was $4,177,972.
The annual total compensation of the median employee at Markel was $41,907.
The ratio of Richard R. Whitt, III's pay to the pay of median employee was therefore 100 to one.
Source: SEC filing on March 23, 2021.
Whitt's colleagues
We found five more compensation records of executives who worked with Richard R. Whitt, III at Markel in 2020.